PYPL Breaking Down through Support Today I am discussing Paypal Stock which has been drastically sold off around 40% from highs! I do think this is crazy, and oversold. BUT, I am going to analyze stocks appropriately and without any bias.
PYPL as shown on the Daily Chart has been breaking down through this Range it has been trading in of where I have a Rectangle shape Drawn.
PYPL just closed underneath that rectangle 2 days in a row, and even rejected off that bottom of the Rectangle on Friday. That shows Strong Resistance at that level.
PYPL also broke its Support from its previous breakdown @ the $179.20 area (White Line)
PYPL has 1 wick left from the candle on Jan. 10th and then of course further back supports.
But I think the range it is breaking out of now, is something to note down of not being a small break down. The reason I am saying this is because PYPL has now been in the sideways trading for around 2 and a half months. PYPL is now ready to make a bigger move, but here it seems that bigger move may be to the downside.
Here are EXTRA Reasons why PYPL is a good SHORT idea here.
TTM_SQUEEZE - Squeezing (red dots) indicating big movement of momentum coming. + Momentum Switching to Bearish.
Broke Down and even retested the Rectangle range.
Broke Previous Breakdown support.
GAP to fill at the GREEN Rectangle ($130s) area.
A lot of stocks like to always fill the gaps... and I know its a stretch to say hence it is a long time ago, but with bearish momentum this stock could easily fill that gap.
Some contradicting indicators to this SHORT idea
TTM_SQUEEZE (WEEKLY) - WEEKLY Still showing weakness, but appears to be wearing out, and fading to the bull-side.
WEEKLY moving average cloud.
Still some more key levels to be breaking
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If I do play this I will be looking in to Liquidated March & or April Puts near the $140 strike price.
Rectanglebreak
GUFIC BIOSCIENCES 1:3 🎯50% trade.NSE:GUFICBIO Broke out of rectangle consolidation pattern and now price gave retest + confirmation.
Bullish signs-
Big volumes on breakout and on the buy side.
Price entered virgin territory with this consolidation and breakout.
Recent support from 30 week MA.
Low volume red candles.
Pattern is of a bullish flag type.
Stock has already delivered multibagger returns of 2000%.
One can enter entre position at C.M.P with a big sl in view of a taking a positional bet for next 1-6 months.
Targets: 275/320/375/400+
Place wide sl below 200
Trail sl if trade goes our way.
Position size accordingly. HAPPY TRADING!
MTCH: INVERTED HEAD AND SHOULDERS PLAYMTCH has been in a very well defined range since November 2020. Support and resistance are clear.
Are we finally going to break above this range? We had several breakout in the past but the price always came back very quickly in the range.
One could initiate a long position if we break, with a stop below the line.
I see an inverted head and shoulders on the chart. The target move is on the chart.
Trade safe!
TRV: RECTANGLE PATTERN BREAK WATCHRectangles can extend for a few weeks or many months, and provide great trade opportunities every time the stock touches the top or bottom of the rectangle, until it finally breaks to the upside or downside.
TRV has been trading in a range (146.75 / 162.77) since February, forming a rectangle pattern. Generally, the longer the pattern, the more significant the breakout .
I will watch for a break of 162.77 and enter a long trade only if we break this level.
First target at more or less 180.
Rectangle Pattern on H4! EURUSD 20-24 December 2021The FED announced that it will hike interest rates three times next year. The ECB has done the opposite saying that interest hikes are unlikely though it will monitor inflation closely. The bulls have been exhausted, it is time for the bears to push the rate lower.
ABT to break out?* Strong up trend
* Consolidating since beginning of 2021
* Strong earnings
* Lower than average volume
All signs point to it breaking out soon. Due to the lack in volume ABT may visit the $126 area before breaking out.
Trade idea:
* Wait for a break before entering
* Look for an entry around $126 for a discount
Target after breakout would be $151.65
Looking at its growth, ABT is a great long term hold that pays out dividends!
IR broke out of consolidation* Strong earnings quarter over quarter
* General up trending
* Trading at higher than average volume
* Potential to give +16% ROI
Trade Idea:
* If you're looking for a discount look for buying opportunities around $51.61
* This is trading at higher than average volume so there are chances that it may continue going up. If you're not so much of a discount person, getting in now would be ideal.
PPD to continue higher* Relatively young
* Steady up trend
* Strong earnings
* Breaking out of a 4 month consolidation
* Breaking out with higher than average volume
Trade Idea:
* This is a great time to buy PPD as it's still close to the broken resistance and its 10EMA
REXR to continue higher!* Strong earnings quarter over quarter
* Strong up trend since inception
* Consolidated for a month after a move higher
* Retested the broken level as support with higher volume than average
Trade Idea:
* This would be a great time to enter a trade
* Or if you're looking for a discount, you can look for buying opportunities around the $61.70 area
SBNY breaking out* Relatively stable earnings
* Strong up trend since November 2020
* Breaking out of a 5 month consolidation
* Breaking out with higher than average volume
Trade idea:
* $260.37 should hold as support so you can look for buying opportunities there
* Or if you're not looking for a discount, you can jump in now and ride the next leg higher.
Be sure to place some distance between you stop due to market volatility these days.